Category Archives for Friday Q&A

Should You Use a Trend Line or a Channel? (Context is Key)

trending-market

Happy Friday! This week’s question comes from Panu, who asks: I’m not sure when to use a trend line or a channel to monitor a trend. In my understanding, a trend line is used for an impulsive move and a channel is used for a corrective move. For example, if the big picture is down, […]

Continue Reading

How to Remember and Prioritize Forex Trade Setups

Forex trading journal

Happy Friday and Happy Holidays! This week’s question comes from Ramesh, who asks: How do you remember all the pairs you go over and which ones to trade? For example, you often recall or refer to a previous chart analysis in your present analysis, going through everything again. With so much happening across all markets […]

Continue Reading

How to Reduce Forex Trading Losses (Apart From Using a Stop Loss)

prevent forex trading losses

Happy Friday! This week’s question comes from Mimi, who asks: Hi Justin, would appreciate your thoughts on how a trader can make up or prevent losses apart from using a stop loss. Often a trader may be unclear about the direction of a trade even though they may have a bias. How do we handle this […]

Continue Reading

Should You Use “Opening Ranges” to Identify Key Levels?

question and answer

Happy Friday! This week’s question comes from Danial B., who asks: Do “Opening ranges” play any part in your analysis? I see they are established in small time-frame charts and indicate breakout direction. Are they worth the time needed to calculate and mark on my charts or should I shelve the strategy entirely? An excellent […]

Continue Reading